earnings
confidence high
sentiment positive
materiality 0.75
Penumbra Q3 revenue $301M (+11.1% YoY); U.S. thrombectomy up 21.2%; raises segment guidance
Penumbra Inc
2024-Q3 EPS reported
-$0.51
revenue$879,097,000
- Revenue $301.0M, +11.1% YoY; net income $29.5M; adjusted EBITDA $56.7M (18.8% margin).
- U.S. thrombectomy revenue $162.1M, +21.2% YoY; VTE franchise grew 32% vs Q3 2023.
- GAAP operating income $35.4M vs $12.6M in Q3 2023; non-GAAP operating income $40.3M.
- Full-year 2024 revenue reaffirmed $1.18-1.20B; U.S. thrombectomy growth expectation raised to 24-25% from 23-25%.
- Wind down of Immersive Healthcare incurred $5M in one-time expenses during Q3 2024.